Whenever we talk about global economy, especially referred to the latest years, we must be aware that we cannot count on certain and long-lasting data; on the contrary, we have to keep into consideration the continuous ups and downs of the market. This obviously involves risky decisions that have a consequence on the balance of a company. The perfect scenery would be that of a stable economy, based on forward-looking polices and definite and durable trade agreements that could let you plan your actions in advance and foresee the results of your actions.
Today’s situation of the metallurgic industry, as well as that of other fields, is based on an uncertainty feeling due to an international politics that has become extremely protectionist and worsened by export duties. As a result, we had to take note of a general revenues decrease and demand impasse. Iron and steel industry has closed 2018 with a comeback of 4,6%. But in the first six months of 2019 there has been a light decline (4,5%), even if the greatest problem is that there is an uneven growth in several countries: Japan (-5%) and European Union (-0,3%) are going down, while China produces the half of the steel produced worldwide (+9,9%); Russia, with a growth of 1% isn’t able to increase the East Europe market and the USA still maintain 2018 levels regardless of the fact that steel price has reduced. Coming back to the European situation, we have to say that the new system of shares for steel import has influenced negatively the already uncertain economic situation. Though Germany is still the first steel producer in Europe, in the course of 2018 it has registered a decrease of -2%.